Insurers prepare for wave of First Brands claims
Allianz, Coface and AIG among groups to have written credit insurance policies linked to bankrupt car parts maker
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Berkshire, AIG and Chubb provided insurance to First Brands executives
Policies worth $200mn could be tapped to pay for legal bills of former company directors and officers
Jefferies says First Brands losses can be absorbed
Bank denies earning undisclosed fees on financing provided to auto parts supplier through ‘side letter’
First Brands’ lenders race to secure rescue loan for car parts group
Company considers bankruptcy as its finances worsen
Apollo builds bet against debt of under-fire auto parts supplier
Ohio-based First Brands Group has come under scrutiny for its invoice factoring
First Brands at breaking point as it scrambles to avoid liquidation
The company is relying on a $48mn infusion from automakers to continue operating
First Brands debt plunges as worries mount over US car parts group
Loans trade at distressed levels after ‘chaotic’ selling as investors brace for tricky restructuring